CMC Markets (LON:CMCX) downgraded by Shore Capital

Shore Capital reduced the shares of CMC Markets (LON: CMCXGet a rating) to a holding note in a research note published on Monday, market beat reports.

CMC Markets Share Performance

LON: CMCX opened at 249.50 GBX ($3.06) on Monday. The company has a debt ratio of 4.52, a quick ratio of 2.07 and a current ratio of 2.17. The stock’s fifty-day moving average is 283.41 GBX and its 200-day moving average is 264.24 GBX. CMC Markets has a fifty-two week low of 212.50 GBX ($2.60) and a fifty-two week high of 458.98 GBX ($5.62). The company has a market capitalization of £711.85 million and a PE ratio of 1,006.00.

CMC Markets increases its dividend

The company also recently announced a dividend, which will be paid on Thursday, August 11. Shareholders of record on Wednesday July 13 will receive a dividend of 8.88 GBX ($0.11). This is a positive change from CMC Markets’ previous dividend of $3.50. The ex-dividend date is Wednesday, July 13. This represents a return of 3.38%. CMC Markets’ dividend payout ratio (DPR) is currently 99.72%.

Insiders place their bets

In other CMC Markets news, insider David Fineberg bought 114 shares of CMC Markets in a trade on Tuesday, July 5. The shares were acquired at an average price of 263 GBX ($3.22) per share, for a total transaction of £299.82 ($367.38).

CMC Markets Company Profile

(Get a rating)

CMC Markets plc, together with its subsidiaries, provides financial services to retail, professional, stock exchange and institutional clients in the UK, Ireland, Australia, New Zealand, Germany, Singapore and internationally. The company offers its clients the ability to trade contracts for difference and financial spread bets on a range of underlying stocks, including indices, foreign pairs, commodities, cryptocurrencies, stocks and ETFs, and treasury bills through its trading platform.

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